IRYS touched $0.32, then slumped back to $0.075, yet it’s still showing gains of more than 2x on the leaderboard. One straight line up, then another straight line down. No consolidation, no change of hands—just a pure pump.
The last time I chased a coin making a move like this, I watched the candlesticks and thought I was quick enough to get out. I was left stunned at the open the next day. This time, looking at it feels like a lesson in reading the order book: the top bid can’t even add up to $100, and the top ask is about the same. With liquidity this thin, it wouldn’t take anyone pushing to knock it down a level.
It’s still a long way from today’s high. Who’s going to fill that hole? We’ll see what the order book looks like tomorrow.
The last time I chased a coin making a move like this, I watched the candlesticks and thought I was quick enough to get out. I was left stunned at the open the next day. This time, looking at it feels like a lesson in reading the order book: the top bid can’t even add up to $100, and the top ask is about the same. With liquidity this thin, it wouldn’t take anyone pushing to knock it down a level.
It’s still a long way from today’s high. Who’s going to fill that hole? We’ll see what the order book looks like tomorrow.